Taxes have always been one of the most difficult things to handle regardless of whether you’re running an enterprise or not. Particularly if you don’t have a degree in finance or accounting. Tax-related tasks aren’t easy, particularly when you’re full of things to be done. If you don’t have enough money to employ an accountant, performing the task on your own can be risky. If you miss one detail, you might have to redo things again!
Most people want to skip this step. But since it’s required to be done, we can’t choose not to.
So , what is the best way to deal with it?
It is always possible to simplify our lives by using tools like TaxJar.
We’ll look at this popular life-saving device and how it can benefit you. Even though this is a long read, you should be able to gauge whether TaxJar is what you need right now.
Do you prefer video streaming instead? Check out this video – by Marcus Stonelius on YouTube they also do a full review of the features offered by TaxJar.
For those who like to read, we’ll dive right into.
What is TaxJar? TaxJar Nopcommerce
Founded in 2013, TaxJar is an online platform that assists you in automating your reports, filings, and sales tax calculations. TaxJar is a solution to your entire sales tax life cycle. In addition, you can apply it across all of the sales channels you use to ensure that you are in compliance with your sales taxes. It makes the process simpler that could require days to complete and finish within only a few minutes.
TaxJar has been utilized in different industries such as food and beverage companies, SaaS, retail, services as well as medical institutions.
What can it do to help you?
TaxJar is widely used by owners of online businesses to make their business more neat and simple. Let’s explore the features and services offered by TaxJar.
Features and services
One of the first things you’ll want to check is that your accounting tax software seamlessly works well with your sales channel. If you’re selling through multiple channels, you must ensure that everything is in order. The most important thing is not to face a penalty due to missing a single minor point.
TaxJar allows you to display your critical metrics in one place. That way, there’s no requirement to collect information from multiple sources and then organize it on one platform. All you need to do is integrate TaxJar and the platform will handle all the rest.
Other than that, TaxJar also integrates with other platforms to assist with payment processing. Here’s a list of platforms they are able to integrate with:
TaxJar lets customers submit their sales tax either manually or via TaxJar’s AutoFile feature. In this review, we’ll take a look at both.
If you opt to do it manually, TaxJar will allow you to connect all the sales channels you use. When it comes time to filing income tax returns The team will guide you on managing them. But, it is up to you and your team to complete the process in time. TaxJar is only there to guide you on what you have to accomplish, but not manage it.
If you prefer an Auto file, TaxJar will do the filling for you. This means that you don’t have to submit the forms in a manual manner. This feature will ensure that everything will be automated, from calculating taxes on sales through recording, and then processing them. However, there might be additional costs if the feature is you do not include this feature in the plan you chose.
Sales Tax Reports
As we mentioned it is possible to use TaxJar to assist you with your accounting woes. All orders made through your e-commerce channels can be put together into one dashboard using this platform. From there you and your team will have access to everything you need, like an inventory of your transactions, reports, and information.
The best part about this feature is that it lets you to automatically update every day. Not only will they let to know the amount you’ve earned, but they also help you keep track of when the next payments are due.
The dashboard allows users to view in detail the overall sales taxes for your business. Additionally, you can export the information in a CSV file, if you want to use it for your process of financial planning and accounting or if your team needs it for centralized reporting.
Streamlining and Training
TaxJar helps organize and keep track of all of your sales channels. That means you won’t have to hunt for your paperwork when you need them in a pinch. Even even if you already have an accounting firm, the feature can help them be more efficient.
Additionally, knowing the figures for your sales tax in advance can help you allocate your money more efficiently. You’ll know exactly how much budget you have for other operational costs.
The best part is that TaxJar provides training and tutorials and tutorials, not just on their platform, but all things connected to sales tax. You can check out their guides, webinars, and blog for more details. Additionally, their sales tax calculator can be helpful if you’re planning on do everything on your own.
How much does TaxJar cost?
We understand how important it is to establish your budget. Certain platforms have amazing capabilities, but they’re often too costly for the business you run. This is why in this section we’ll examine TaxJar’s pricing levels and what each of these choices can provide you. Presently, TaxJar offers three plans that are: Professional, Starter and Premium.
Their Starter plan is priced at $19. They say it’s the most effective plan for those who need assistance with filing requirements and reporting. It includes sales tax reporting, 4 annual AutoFiles for free, as well as an CSV import. Even with the starter plan, you have access to their AI tax tips.
If you’re a smaller business manager, the plan will be perfect for you. It may not offer all the features offered by TaxJar but it comes with the basic features you require.
In addition, you can reach the support team via their support chart for email. You’ll also have access to their integration features.
If you’re looking for a bit more than just the basic features, then the Professional plan might be the right one for you. The price starts at $99 but you can increase it when you add additional features.
What is the difference from the original plan?
In addition to having access to every one of Starter plan’s features, you also have their phone customer support access to APIs, as well as sophisticated CSV import. You can also receive 12 free AutoFiles every year.
If you own a huge business, you might need to choose an upgrade instead. It includes all of the features you need to aid in your tax preparation. In addition, they offer unlimited integrations with data imports API integrations, team members as well as AutoFiles.
There is also a team dedicated for managing the account. However, they don’t disclose how much the Premium plan costs you. TaxJar Nopcommerce
But they did state that this plan is customized to each user. Therefore, the cost will differ depending on what you need for your company.
Fortunately, you don’t need to bet your life on it to find out if the platform is right for you. If you’re still considering various options, they provide 30 days of free trial. It should give you enough time to determine whether the service is the right choice for you.
Pros and Pros and
Now that we’ve covered all you should be aware of TaxJar let’s take a break. In order to sum up the whole thing, here are the pros and cons of making use of TaxJar for your company.
- Has a Tax Advisor option for some plans
- AutoFile features can help you save time
- Available in most USA states
- Provides an online sales tax calculator.
- Support Service Team
- The dashboard is easy to navigate
- Offers a 30-day free trial
- It can be integrated with other platforms
- You can track several sales channels
- AutoFile limit is based on the plan
- AutoFile has extra fees
- Some countries won’t have access to the API feature
- Only applicable for USA customers.
- It is important for owners and accountants to check local legislation
The Final Verdict
With everything laid down, TaxJar can be a great platform businesses with many sales channels and utilizes many platforms. If that sounds like what you’re doing, then should try this.
It’s not just a way to aid in tracking your revenue and products, but it can assist you in meeting your deadlines. It is also a great opportunity for accountants since they offer a Tax Advisor program. You can get tips and gain knowledge from their workshops on taxes by using it.
Using TaxJar can allow you to reduce time and keep the track of each deadline and obligation you have to fulfill. If you’re living in a place with complicated tax laws, this will definitely help you get your head around it. TaxJar Nopcommerce
If handling your taxes is straightforward, then TaxJar may be an unnecessary investment. If you have only one or two channels of sales, TaxJar won’t be needed to keep track of everything. In addition, if you’re finding the entire process easy to do, you might be better to do it by yourself.
FAQ TaxJar Nopcommerce
What areas does TaxJar offer API support?
TaxJar currently supports countries like those of the United States, the EU, Australia, and Canada.
Can I integrate Shopify together with TaxJar?
Yes. You can sync your Shopify account to TaxJar to make it easier to monitor and updates.
Can I convert any type of currency using TaxJar?
Unfortunately, no. TaxJar cannot convert currency values. All transactions are in USdollars. If you’re using a different currency, you will need to convert it into USUSD before TaxJar can calculate your tax.